VIX slumps into the close

With equities breaking above key resistance in the closing hour, the VIX broke lower, settling -6.4% @ 13.09. With a daily close in the sp'2090s, any hope of VIX 20s is now off the menu... until at least mid May.


VIX'60min

VIX'daily3

Summary

With US equities settling above key resistance of sp'2088/89, the VIX snapped lower into the close.

Any near term hopes of VIX in the 20s are now gone.. and VIX will likely remain subdued for some weeks.

Seasonally, equity bears have 'some hope' by mid May... but by then, the sp'500 could be in the 2150/75 zone, which is where the monthly upper bollinger is lurking.
--

more later... on the indexes